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Fed Launches FedNow Community For Instant Payments, Seeks Participants

PYMNTS

The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service , and needs volunteers to support it, the Fed announced Wednesday (May 6). Montgomery, Federal Reserve Bank of Boston first vice president, in a statement.

Community 234
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The community banks standing by hospitality customers

Independent Banker

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. For other borrowers, the $596 million-asset community bank allowed deferrals of principal or, in some cases, full payment deferrals. Photo: R.J.

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The community bank’s complete guide to building trust

Independent Banker

But for most community banks, building a trustworthy brand isn’t a conscious effort. So first, we’ll look at how two community banks have become trusted pillars of the community through charity work and good old?fashioned billion-asset community bank. Build your community. It’s in their DNA.

Community 139
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INBOUND 2023: The Age of Intelligence

William Mills

Our marketing team recently attended HubSpot’s annual INBOUND conference in Boston, Mass. with over 11,000 business, marketing, and sales professionals to network and learn from HubSpot leaders and top industry experts. It’s where careers take off, businesses begin to scale, and community changes us for the better."

Boston 95
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POS Toast Cuts Staff In Half As More Restaurants Close

PYMNTS

This is a massive disruption that hit the industry virtually overnight. Based in Boston, Toast provides POS technology that helps eateries maneuver from dine-in to takeout. We will continue to invest in our team, our platform, and — most importantly — our customer community.”. according to the report.

Boston 213
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Toast Launches Flat-Rate, On-Demand Restaurant Delivery

PYMNTS

The Boston-based company said Toast Delivery Services will provide eatery owners with a food delivery option for a flat fee of $8 per order within a five-mile radius. “I’m worried about the future of our industry,” said Jarett Berke, owner and operator of Lou’s Restaurant & Bakery in Hanover, New Hampshire, in a statement.

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Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. RTP Gains Community Bank Traction. In the U.S., And when it comes to legacy rails, the U.S. ” HSBC Debuts Real-Time Direct Debit.

Fraud 266